MUMBAI: The govt on Friday said that it plans to borrow Rs 8.2 lakh crore between April and Sept this year under its Budget-approved borrowing programme, roughly half of the Rs 16.2 lakh crore in total. The borrowing for the first half of fiscal 2027 would be spread over 26 weekly auctions with about 25%…
MUMBAI/BENGALURU: The restaurant industry is struggling to run regular operations due to the meagre supplies of LPG cylinders . With the govt’s move to hike commercial LPG allocation to up to 70%, it will take some time before the measure actually translates into sustained supply, executives said. “Supply is still hugely limited and erratic. A…
NEW DELHI: Pilots flying VVIPs, including Z-plus category SPG protectees, Lok Sabha speaker, Rajya Sabha deputy chairperson, cabinet ministers, Chief Justice of India, CMs and governors have now been empowered to put their foot down and refuse to fly if it is not safe to do so for any reason.Following the death of Maharashtra deputy…
MUMBAI: Credit-deposit ratio of banks hit an all-time high of 83% as of March 15, 2026, after deposits fell and credit continued to expand during the reporting fortnight.Aggregate deposits declined by Rs 1.8 lakh crore duCredit growth outpaced deposit mobilisation through the current financial year, with incremental credit at Rs 25.3 lakh crore exceeding incremental…
NEW DELHI: The Centre’s move to slash excise and impose windfall tax on diesel and aviation fuel will leave it poorer by around Rs 1.3 lakh crore if the energy crisis due to the West Asia conflict persists for a full year.An early resolution will reduce the pressure on oil prices and consequently on govt…
Investment bank Morgan Stanley is seeking to launch its spot Bitcoin exchange-traded fund at a 0.14% fee, which would make it the cheapest in the US market and potentially force rivals to cut fees to stay competitive. The 0.14% fee, proposed in Morgan Stanley’s latest S-1 registration statement on Friday, would be one basis point…
MUMBAI: The rupee breached the 94 level for the first time to close at 94.81 per dollar after hitting a record low of 94.84, declining about 4% since late Feb and 11% in the current fiscal year, marking its worst financial year performance in over a decade.Many analysts are forecasting that oil prices will remain…
The govt on Friday moved to cushion key industries from the ongoing gas supply disruption, boosting commercial LPG allocations by 20% to reach 70% of pre-crisis levels. The extra supply will prioritise labour-intensive sectors such as steel, automobiles, textiles, dyes, chemicals, and plastics, which are critical for broader economic activity.The move is aimed at stabilising…
NEW DELHI: Enforcement Directorate has filed a prosecution complaint (chargesheet) before a special court here against Punit Garg, a close associate of Anil Ambani, in a money laundering probe against Reliance Communications (RCom).RCom, Ambani, his close associates and some family members are under investigation in the purchase and sale of an apartment worth over Rs…
NEW DELHI: Election Commission Friday sought a report from the West Bengal chief electoral officer on the recent statement by chief minister Mamata Banerjee at a public meeting in Naxalbari, Darjeeling, allegedly instigating local women to be at polling booths and use household kitchen items to deal with “necessary situations”.With her statement seen as a…
